RND Liquidity Migration to Uniswap V3
We’re happy to announce that we’re migrating our RND liquidity to Uniswap V3 from Uniswap V2! As you might know, last week, Uniswap unleashed its groundbreaking V3. There are several upgrades in the new version, but the most important is concentrated liquidity. Thanks to this new feature, LPs (Liquidity Providers) can distribute the liquidity in specific parts of the price curve, making capital much more efficient. Uniswap V1 and V2 collateral from the pools were evenly distributed in all the price ranges, making the capital very inefficient compared to book-based exchanges.
Why would you provide your capital in a price range that will probably not be touched? As an LP, you want your capital to be concentrated where the action is to collect as many fees as you can. Advantages of concentrated liquidity include swappers and LPs: swappers will experience fewer slippage thanks to higher liquidity on the price range where the trading is actually happening. LPs will have a higher return on their capital thanks to concentrated allocation.
Although we are migrating our liquidity to V3, You are not required to migrate your V2 liquidity to V3 if you are a liquidity provider of RND on V2 (if you choose so). The Uniswap V2 Protocol will remain functional and available for use as long as the Ethereum network continues to exist. However, we expect that over time the advantages of Uniswap V3 will draw a majority of liquidity and trading volume away from V2.
About Us
Round (RND) is a utility token created by the RND Alliance to empower its unique, transparent, and incentivized blockchain ecosystem.
Website: https://roundecosystem.org/
Telegram: https://t.me/round_official
Blog: https://roundecosystem.medium.com/
